October Jobs Report: Hiring Rebounds, Keeping The Fed Focused On Inflation

What happened: The October U.S. jobs report showed hiring rebounded, with prior months revised higher and household employment continuing to expand, easing concerns that September's slowdown marked a broader deterioration. Key numbers: Nonfarm payrolls rose 165,000. Wage growth slowed to 3.1% year over year but remained above consensus. Why it matters: The report kept inflation concerns and Fed rate hike risks elevated, with a higher probability of a December rate hike as investors await CPI and PCE data. Coverage: 4 outlets in 24h

The October U.S. jobs report showed hiring rebounded, with prior months revised higher and household employment continuing to expand, easing concerns that September's slowdown marked a broader deterioration.

The report kept inflation concerns and Fed rate hike risks elevated, with a higher probability of a December rate hike as investors await CPI and PCE data.